NEW YORK: Oil prices climbed 3% to a five-month high on Thursday on rising concerns that global supplies could be disrupted if the US attacks Iran, one of Opec's biggest crude producers.
Brent futures rose US$2.31, or 3.4%, to settle at US$70.71 a barrel, while US West Texas Intermediate gained US$2.21, or 3.5%, to settle at US$65.42.
